The Graveyard › Banks › 1987
United Bank
Libby, MT · failed May 14, 1987 · FDIC certificate 19324
United Bank of Libby, MT failed on May 14, 1987. It opened on December 28, 1964, 22 years before. At its last report before that it held $15.4 million in assets and $14.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $19.1 million. The FDIC estimates that the FDIC's insurance fund lost $1.7 million on it.
1984-031987-03
Assets at the end$15.4 millionlast report before May 14, 1987
Deposits at the end$14.4 million
Estimated loss to the fund$1.7 millionFDIC
Largest in the quarterly reports$19.1 millionDecember 31, 1985
Equity to assets5.5%March 31, 1987
Loans not being repaid26.7%noncurrent, March 31, 1987
Return on assets0.54%a year's rate, March 31, 1987
Staff16full time, March 31, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.